HEALTH CARE FOUNDATION OF NORTH MS

EIN: 640914704 501(c)(3) Health Care

TUPELO, MS

Total Revenue
$1,860,543
Total Expenses
$1,370,792
Total Assets
$13,478,782
Net Assets
$13,135,668
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
DE
Principal Officer
STEVEN BLAYLOCK
Phone
6623773613
Tax Period
2023-10-01 to 2024-09-30

HEALTH CARE FOUNDATION OF NORTH MS, founded in 1999, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $490K, a strong 26% operating margin.

Mission

HEALTH CARE FOUNDATION OF NORTH MISSISSIPPI IS OPERATED EXCLUSIVELY FOR THE PURPOSE OF RAISING, RECEIVING, AND ADMINISTERING FUNDS (FOR MEDICAL, SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES), TO ASSIST HOSPITAL AND NON-PROFIT INSTITUTIONS IN NORTH MISSISSIPPI, AND ESPECIALLY AND PRIMARILY TO ASSIST THE SUBSIDIARIES OF NORTH MISSISSIPPI HEALTH SERVICES, INC. IN PROVIDING HEALTH CARE SERVICES TO THE RESIDENTS OF NORTH MISSISSIPPI AND CONTIGUOUS AREAS.

Program Service Accomplishments

Program 1
Expenses: $1,080,930

DURING THE YEAR ENDED SEPTEMBER 30, 2024, THE FOUNDATION TRANSFERRED $675,718 TO CERTAIN SUBSIDIARIES OF NORTH MISSISSIPPI HEALTH SERVICES, OTHER NON-PROFIT INSTITUTIONS, AND INDIVIDUALS THE MAJORITY...

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DURING THE YEAR ENDED SEPTEMBER 30, 2024, THE FOUNDATION TRANSFERRED $675,718 TO CERTAIN SUBSIDIARIES OF NORTH MISSISSIPPI HEALTH SERVICES, OTHER NON-PROFIT INSTITUTIONS, AND INDIVIDUALS THE MAJORITY OF WHICH WAS USED TO REIMBURSE EXPENSES. THE REMAINING PROGRAM SERVICE EXPENSES WERE COSTS ASSOCIATED WITH THE RAISING AND ADMINISTERING OF FUNDS TO ASSIST THESE NON-PROFIT ENTITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,908,220
Program Service Revenue $0
Investment Income $-63,478
Other Revenue $15,801
TOTAL REVENUE $1,860,543

Expense Breakdown

Grants Paid $675,718
Salaries & Benefits $439,679
Fundraising Expenses $71,723
Program Expenses $1,080,930
Other Expenses $255,395
TOTAL EXPENSES $1,370,792

Year-over-Year Comparison

2023 2022 Change
Revenue $1,860,543 $2,331,513 -0.2%
Expenses $1,370,792 $1,631,799 -0.2%
Net Income $489,751 $699,714 -0.3%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$166,500
Total Directors
21
$166,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN BLAYLOCK President 40.00
Officer Director
$166,500 $0 $166,500
MONT BERRY MD Director 1.00
Director
$0 $0 $0
MARY ANN BRIGGS Director 1.00
Director
$0 $0 $0
ERIC LEWIS MD Director 1.00
Director
$0 $0 $0
BRUCE TOPPIN ASST SECRETARY 1.00
Officer Director
$0 $0 $0
SHARON NOBLES Treasurer 1.00
Officer Director
$0 $0 $0
KEVIN CHAPMAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
MARY CHILDS Director 1.00
Director
$0 $0 $0
AMY TATE Secretary 1.00
Officer Director
$0 $0 $0
JOHN WHEELER Director 1.00
Director
$0 $0 $0
BRIAN RIGBY Director 1.00
Director
$0 $0 $0
LUKE MONTGOMERY Director 1.00
Director
$0 $0 $0
ELIZABETH RANDALL Director 1.00
Director
$0 $0 $0
ELIZABETH CARNELL Director 1.00
Director
$0 $0 $0
SAM PACE MD Director 1.00
Director
$0 $0 $0
WEST CORDELL MD Chairman 1.00
Officer Director
$0 $0 $0
SHANE SPEES Director 1.00
Director
$0 $0 $0
BRAD CROSSWHITE MD Director 1.00
Director
$0 $0 $0
DAVID RUMBARGER Director 1.00
Director
$0 $0 $0
VISHAL SACHDEV MD Director 1.00
Director
$0 $0 $0
BRAD STEVENS Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,860,543 $1,370,792 $13,478,782 $489,751
2023 $2,331,513 $1,631,799 $11,004,428 $699,714
2022 $2,634,276 $1,405,138 $9,822,565 $1,229,138
2021 $961,884 $1,284,245 $10,897,165 $-322,361
2020 $872,829 $1,569,616 $8,972,879 $-696,787
2019 $1,032,576 $2,285,508 $11,137,621 $-1,252,932
2018 $1,021,799 $1,987,646 $11,702,885 $-965,847
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